Shortwave Infrared Camera Industry: Share, Trend, Segmentation and Growth, Future Prospects and Competitive Analysis, Forecast to 2021

The governments all over the world are taking measures to integrate next-generation technology including critical defense equipment such as guns, combat fighter platforms, and SWIR camera in the military technology to improve the accuracy of the information received. With the rising adoption of IR thermography devices, there is a high demand for SWIR cameras from the military sector. SWIR cameras provide rapid target acquisitions for military operations and night vision that enable soldiers to target object in complete darkness. According to our market research analysts, this market will grow steadily at a CAGR of almost 8% by 2021.

The increase in defense budget is identified to be one of the key trends contributing to the growth of the SWIR camera market. Major economies across the globe are increasing their defense budget to deploy latest technologies such as SWIR cameras for the warfare equipment and weapons. SWIR camera equipment and core component vendors are witnessing the maximum demand from the developed and developing economies including Germany, China, and Russia. The USA, China, Saudi Arabia, the UK, and Russia were the countries with the highest defense budget during 2015.

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Competitive landscape and key vendors

The SWIR camera market is fragmented due to the presence of several well-diversified international, regional, and local vendors. The international vendors are dominating the market in terms of features such as quality, features, functionality, and service. Local and regional vendors are providing customized and cost-effective infrared detectors (IR) when compared to international vendors. The market is competitive and the increase in product extensions, technological innovations, and M&As will intensify the competition level among the SWIR camera vendors.

The leading vendors in the camera market are -

FLIR Systems

Hamamatsu Photonics

Sensors Unlimited

Xenics

The other prominent vendors in the market are Allied Vision Technologies, Leonardo DRS, Episensors, IRCameras, InView Technology, Princeton Instruments, and Sofradir.

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Segmentation by type and analysis of the Shortwave Infrared Camera market

Industrial manufacturing

Military and defense

Scientific research and life sciences

SWIR cameras are prominently used in several production processes in industrial manufacturing to check product quality, performance, and monitoring and for the thermal imaging of hot objects. Additionally, these infrared cameras are also used by the metal and glass industries for process and quality systems and by the paper manufacturing industry to determine the dryness of the paper, since these cameras can detect moisture.

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